Wall Street Journal Letter: Poor Larry Fink

The Wall Street Journal today published this letter from NLPC Chairman Peter Flaherty:

Pity the situation of BlackRock CEO Larry Fink, who finds himself being mau-maued by green activists at his annual stockholder meeting for not doing enough to disinvest from fossil-fuel companies.

One way he can expiate his sins is to disinvest in the 153 China-owned or controlled companies as our organization recently called on him to do. Besides covering up the pandemic spread in Wuhan, Communist China is a major human-rights abuser, “re-educating” Muslim Uighurs in prison camps, conducting digital surveillance of its citizens and cracking down on pro-democracy protesters in Hong Kong.

Apparently, neither Mr. Fink’s idea of moral and socially responsible investing nor that of his so-called “progressive” critics takes into account these human-rights issues. The sixth circle of Dante’s hell punishes hypocrisy.

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Apple Shareholder Files Proposal on Free Speech

National Legal and Policy Center has submitted a shareholder proposal asking Apple Inc. to made a report on human rights, and specifically, free speech. The 2019 Apple annual meeting will take place in Cupertino, California in early 2019. Here is the text of the proposal and supporting statement:

Whereas, the Securities and Exchange Commission has consistently recognized that human rights constitute a significant policy issue.

Freedom of speech and association are fundamental human rights.

The Company operates in nations with systematic human rights abuses. The Company has abetted certain governments and non-governmental organizations in suppressing freedom of speech and association.

For example, our CEO in March 2018 co-chaired the so-called China Development Forum, sponsored by the Communist Chinese government. In December 2017, our CEO keynoted the World Internet Conference, another Chinese government event.

In February 2018, the Company transferred operation of its iCloud data center in mainland China to … Read More ➡